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Blackstone Infrastructure Partners has reached the 'very long-term' target it set out in 2017, generating a 17% IRR in the process.

To square the circle of limited investment windows and prolonged development times for greenfield projects, CIP trades projects from one fund to the next.

Close to $20bn was raised in Q3, up from a paltry $4bn in Q2. But the $27bn raised in these first nine months is still a new low.

The launch of the new vehicle comes after I Squared closed its maiden infrastructure debt fund in June on about $750m.

New York’s Public Service Commission rejected an approach from 86 onshore wind and solar and four offshore wind projects to review rates to previously awarded contracts amid inflation woes.

States and localities in the US are taking matters into their own hands to either implement or impede the Biden administration’s infrastructure plan.

This niche social infra market may tick many of the right boxes. But do infra investors have what it takes to meet the needs of the people they are intended to serve?

Australia’s competition watchdog said Brookfield’s Global Transition Fund would have a ‘strong imperative and commercial incentive to lower emissions quickly’, outweighing vertical integration concerns.

The firm has partnered with credit manager Capital Four and is winding down its equity business with the departure of two senior partners.

Morrison & Co’s Steven Fitzgerald said the investment is consistent with its decarbonisation thematic and ‘fundamentally’ has the characteristics of infrastructure.